Posts Tagged ‘Maple Leafs’

There is blood in the streets of the silver market with futures speculators long silver, again having their heads handed to them on a plate & incurring sharp losses. However, the silver sell off has again seen a global scramble for physical silver. There has been a global scramble to acquire silver bullion coins & bars after the price falls.

The average monthly sales of Silver Eagles in 2013 till Sep 4, is at a record high ever at a mind boggling 4,218,750 ounces per month. At this pace, the annual sales for American Eagle silver coins alone would be a minimum of 50,625,000 ounces.

While demand for both American Eagle coins remained strong in the first four months of the year, investors are now overwhelming purchasing more Silver Eagles and banking on much higher gains in Silver than Gold